Overnight old crop soybean sales of 1.1 million tonnes since last Friday February 4, 2022
Gains of 83 1/2 cents were noted for March soybeans through today's close. Bulls will note new contract highs were made as recent as Wednesday. If we didn't have a rebound into today's close bears would start discussing three days of recent highs near each other but no close near those highs. Palm and soybean oil, though off their highs, are still quite near their recent peak. South American weather shows a little concern. Overnight sales over the past seven days may be confirming hopes that SA issues impact US old crop as well.
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Allendale Insider
Allendale Insider
On The Go
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Soybeans and wheat see pressure this week. Corn holds.
September 22, 2023
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Cattle on Feed confirms a return to lower placements. Q2 supplies will be tight.
September 22, 2023
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Pork questions remaining procurement. Cattle hit by weights, beef and the stock market.
September 21, 2023
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Grains show export sales disappointment.
September 21, 2023
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Hogs surpass last week’s high.
September 20, 2023
On The Go
September 22, 2023
September 22, 2023
September 21, 2023
September 21, 2023
September 20, 2023
Market Movers
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Funds sellers of 10K, 45% of record, still building a short position, weather maps show light rain.
September 25, 2023
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December found light support at 474 yesterday/last night, chart open to 467 ¾, rains added again.
September 22, 2023
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Rains dramatically reduced in the 6 – 10 day forecast, exports may be expected disappointing.
September 21, 2023
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Rains in the 10-day outlook may slow harvest and offer mild support, exports are needed.
September 20, 2023
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Harvest at 9%, analysts expected 10%, the forecast may slow harvest days 1 – 5
September 19, 2023
Market Movers
September 25, 2023
September 22, 2023
September 21, 2023
September 20, 2023
September 19, 2023
Snapshots
Snapshots
Trader Insights
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Estimates for Upcoming Small Grains Summary and Grain Stocks Reports
September 25, 2023
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Allendale, Inc. Releases Quarterly Hogs and Pigs Report Estimates
September 25, 2023
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Estimates for Upcoming WASDE Report September 2023
September 6, 2023
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USDA Report Day
August 11, 2023
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Estimates for Upcoming WASDE Report
August 7, 2023
September 25, 2023
September 25, 2023
September 6, 2023
August 11, 2023
August 7, 2023